Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Established Car Wash Opportunity, Tyler Title is generated by Realmo AI

    2060 Shiloh Rd, Tyler, TX 75703

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $805,500

    Turnkey car wash with high traffic visibility in Tyler, TX.

    Type:Commercial/Industrial
    Property size:
    3,621 SF
    Lot size:
    1.25 Acres
    Price / SF:
    $222/SF
    Added:
    Mar 11, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 6 at 3:05 am

    Property Features for 2060 Shiloh Rd

    General Information

    Standard status
    Active
    Size
    3,621 SF
    Lot size
    1.25 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Mo Snoubar

    Listing agent Mo Snoubar License #0800336

    Listing office Scarborough Commercial Real Estate

    Listing date Mar 11, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Scarborough Commercial Real Estate

    HighLights

    • Prime location with high visibility and accessibility near Paluxy Dr intersection.
    • High daily traffic count of 15,379 vehicles.
    • Turnkey car wash operation ready for immediate business.
    • Features two in‑bay automatics and five wand wash bays.
    • Property size: 3,621 sq ft building on 1.248 acres.
    • Zoned PCD (Planned Commercial Development District) offering commercial opportunities.

    Overview

    This property is an established car wash located at 2060 Shiloh Rd, Tyler, TX 75703. The car wash spans 3,621 square feet and is situated on a 1.248-acre lot. It features two in-bay automatics and five wand wash bays. The property benefits from a daily traffic count of 15,379 vehicles. Its location near the Paluxy Dr intersection provides maximum visibility and accessibility. The property is zoned PCD (Planned Commercial Development District) and is suitable for car wash entrepreneurs.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $502.2K
    NOI $45,201 @ 9.00% cap · cautious / downside scenario
    Moderate
    $645.7K
    NOI $45,201 @ 7.00% cap · market / base-case scenario
    Aggressive
    $904.0K
    NOI $45,201 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $63.4k $17.52
    − Vacancy −$3.2k −$0.88
    EGI $60.3k $16.64
    − OpEx −$15.1k −$4.16
    NOI $45.2k $12.48
    3,621 SF · lease $17.52/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $645.7K
    $565.0K – $753.4K (±1% cap)
    NOI $45,201 @ 7.0% cap · market cap 5.61%
    Second Best
    Retail
    $602.7K
    $527.4K – $703.1K (±1% cap)
    NOI $42,188 @ 7.0% cap · market cap 5.24%
    Theoretical Best
    Office A
    $808.2K
    $707.2K – $942.9K (±1% cap)
    NOI $56,573 @ 7.0% cap · market cap 7.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Splash Car Wash Car Wash

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.2758
    Latitude
    32.2957

    Nearby Similar for Sale

    • $1,650,000
      7,993 SF

      Tyler Office and Warehouse Investment

      Office suites and warehouse on 1.1 acres with leases.
      15488 FM 2493 (Old Jacksonville), Tyler, TX 75703
      View Details
    • $453,000
      4,727 SF

      Partially Leased Office/Retail Building

      Partially leased office/retail building in Qualified Opportunity Zone.
      913 W Bow St, Tyler, TX 75702
      View Details
    • $400,000
      5,400 SF

      Tyler Commercial Building For Sale

      5,400 sq ft commercial building with office, manufacturing, and warehouse.
      3456 Shiloh Road, Tyler, TX 75707
      View Details
    • $1,250,000
      6,698 SF

      Historic Commercial Property with Charm

      1912 historic commercial property with exceptional business potential.
      313 E Charnwood, Tyler, TX 75701
      View Details
    • $550,000

      Highway 69 Investment Opportunity

      High-visibility mixed-use property on Highway 69 with flexible income potential.
      20921 US Highway 69 S, Tyler, TX 75703
      View Details
    • $499,900

      Tyler Office Building For Sale

      2,224 SF commercial building with prime location and updates.
      1624 N Northwest Loop 323, Tyler, TX 75702
      View Details
    • $445,000

      Tyler Office Space Suites

      Versatile office space in a highly desirable location.
      1404 Rice Road, Tyler, TX 75703
      View Details
    • $750,000
      5,220 SF

      Tyler Office Building For Sale

      Commercial office building with twelve offices, reception, and parking.
      200 E Amherst, Tyler, TX 75701
      View Details
    • $496,000
      3,676 SF

      Tyler Duplex in Heritage South

      Fully occupied duplex near shopping, dining, and S. Broadway Ave.
      113 & 115 E Heritage Drive, Tyler, TX 75703
      View Details
    • $828,000
      4,601 SF

      Versatile Retail/Office Building For Sale

      4,601 SF property suited for office, wellness, hospitality, education.
      19359 Hwy 69 S, Tyler, TX 75703
      View Details
    • $650,000

      Two-Suite Office Building with Simulator

      Well-designed office building with modern amenities and golf simulator.
      6115 New Copeland Road, Tyler, TX 75703
      View Details
    • $783,000
      3,480 SF

      Freestanding Office/Retail Building For Sale

      Freestanding office/retail building for sale in Tyler, TX.
      5647 KPE Way Option 1, Tyler, TX 75703
      View Details

    FAQs

    What type of property is this?
    Car wash - Turnkey car wash with high traffic visibility in Tyler, TX.
    Where is this car wash located?
    The property is located at 2060 Shiloh Rd Tyler, TX.
    What is the asking price?
    The asking price for this property is $805,500.
    What are key features of this property?
    This property features: Prime location with high visibility and accessibility near Paluxy Dr intersection.; High daily traffic count of 15,379 vehicles.; **Turnkey car wash operation ready for immediate business.**
    (903) 707-8560
    We can help!
    Listing Contact
    Mo Snoubar
    Real Estate License ID: 0800336
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2060 Shiloh Rd, Tyler, TX 75703
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!